Childrens Jubilee Fund
- Assets
- $518.7k
- Revenue
- $713.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Wyncote, PA
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 31-1540887
Organization Overview
Childrens Jubilee Fund is located in Wyncote, PA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Childrens Jubilee Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Jubilee Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Childrens Jubilee Fund generated $713.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $736.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Childrens Jubilee Fund has awarded 158 individual grants totaling $4,685,327. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEED BASED SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS TO RAISE AND DISTRIBUTE SCHOLARSHIP FUNDS TO PROVIDE ACCESS FOR LOW-INCOME, URBAN, K-12 YOUTH TO ATTEND CHRISTIAN SCHOOLS. JUBILEE PROVIDES PARTIAL SCHOLARSHIP FOR FAMILIES WITH A HOUSEHOLD INCOME OF UNDER $44,000, SO THAT THEIR CHILDREN WILL HAVE ACCESS TO ONE OF OUR 25 NETWORK CHRISTIAN SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke A Mcdowell Fmr. Board Mem. | Trustee | 0 | $0 |
Gordon Pfeil Fmr. Board Mem. | Trustee | 0 | $0 |
Dorothy Boersma Board Member | OfficerTrustee | 0.5 | $0 |
Randolph E Richardson Board Member | Trustee | 0.5 | $0 |
Robin Radcliff Board Member | Trustee | 0.5 | $0 |
Milton Velez Chairman | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $713,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,744 |
| Total Program Service Revenue | $0 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $713,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,421 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,712 |
| Travel | $906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,961 |
| Total functional expenses | $736,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $196,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $650 |
| Total assets | $518,652 |
| Accounts payable and accrued expenses | $2,692 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,692 |
| Net assets without donor restrictions | $283,249 |
| Net assets with donor restrictions | $232,711 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $518,652 |
Grants Awarded
Over the last fiscal year, Childrens Jubilee Fund has awarded $470,346 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BLAIR CHRISTIAN ACADEMY PURPOSE: Scholarships | $12,046 |
BEULAH BAPTIST CHRISTI PURPOSE: Scholarships | $24,828 |
CAMDEN FORWARD PURPOSE: Scholarships | $7,742 |
CEDAR GROVE CHRISTIAN ACADEMY PURPOSE: Scholarships | $26,477 |
CORNERSTONE CHRISTIAN ACADEMY PURPOSE: Scholarships | $14,496 |
FREDRICK DOUGLASS CHRISTIAN PURPOSE: Scholarships | $92,924 |